• Photon Energy Group is set to issue its first green bond, with a principal amount of up to EUR 50 million.
  • The interest rate will be 6.50 % p.a., with quarterly payments.
  • The net proceeds will be used to finance and re-finance the development and construction of photovoltaic power plants, allowing Photon Energy Group to contribute further to a low-carbon, climate-resilient future.

Amsterdam – 8 October 2021 – The management board of Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW, ISIN (the ‘Company’) has decided on the issuance of a new corporate green bond. The bond, with a volume of up to EUR 50 million, will bear 6.50 % interest per year and will have a duration of six years.

‘The placement of our first green bond allows us to not only offer investors a sustainable investment opportunity, but also set a major milestone in the growth of our company. The net proceeds from the issuance will enable us to accelerate the development and construction of photovoltaic power plants; principally those in Hungary, Romania and Poland, our core Central European growth markets,’ says Clemens Wohlmuth, Chief Financial Officer of Photon Energy Group.

Subject to the approval of the related prospectus by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg, the public offer will take place in the Federal Republic of Germany, the Republic of Austria and the Grand Duchy of Luxemburg from 2 November 2021 through 16 November 2021. During the same period, the bond will also be offered to a limited number of qualified investors in further European countries. In addition, the green bond will be offered to holders of the existing 2017/2022 corporate bonds in the form of an exchange offer, from 18 October 2021 through 12 November 2021.

The 2021/2027 green bond (six-year maturity) has an aggregate principal amount of up to EUR 50 million and will bear interest at a rate of 6.50 % p.a. with quarterly interest payments. An application will be made to include the bond in trading on the Quotation Board segment of the open market on the Frankfurt Stock Exchange. In addition, the Company has commissioned imug | rating for a second-party opinion on its green financing framework.

The securities prospectus was published on photonenergy.com following its approval by the CSSF, which was confirmed on 12 October 2021.

Bankhaus Scheich Wertpapierspezialist AG, Frankfurt am Main was appointed as Sole Global Coordinator for the private placement of the corporate green bond.

About Photon Energy Group – photonenergy.com

Photon Energy Group delivers solar energy and clean water solutions around the world. Its solar power services are provided by Photon Energy; since its foundation in 2008, Photon Energy has built and commissioned solar power plants with a combined capacity of over 110 MWp and has power plants with a combined capacity of 89.3 MWp in its proprietary portfolio. It is currently developing projects with a combined capacity of over 590 MWp in Australia, Hungary, Poland and Romania and provides operations and maintenance services for over 300 MWp worldwide. The group’s second major business line, Photon Water, provides clean water solutions including treatment and remediation services, as well as the development and management of wells and other water resources. Photon Energy N.V., the holding company for Photon Energy Group, is listed on the Warsaw, Prague and Frankfurt Stock Exchanges. The company is headquartered in Amsterdam, with offices in Australia and across Europe.

Source: Photon Energy Group